July 2017: Consulting M&A Update

By Ramone Param, Associate Director, Equiteq

DXC Technology acquires Microsoft Dynamics 365 specialist Tribridge

DXC Technology made its first acquisition after forming in April following the merger of CSC and the Enterprise Services unit of Hewlett Packard Enterprise. The technology giant acquired 740-person Microsoft Dynamics 365 consulting firm Tribridge and its managed cloud business Concerto Cloud Services.  The deal is expected to enhance the buyer’s consulting offerings focused on clients in health care, government, consumer packaged goods, and professional services.

Tribridge is one of the largest independent integrators of Microsoft Dynamics 365 and is a six-time winner of Dynamics 365 Worldwide and U.S. Partner of the Year. Tribridge will become part of DXC Eclipse, an IT application consulting business acquired by the business in October 2015 for c.$300m.

GE Healthcare expands its clinical consulting capabilities with acquisition of Novia Strategies

GE Healthcare acquired Novia Strategies, a US-based healthcare consulting firm led by clinicians with deep organizational transformation expertise. The seller will become part of GE Healthcare Camden Group, which has advised over 2,400 hospitals on a wide range of clinical issues.

The deal will help the buyer enhance its outcomes-based solutions focused on assisting healthcare organizations meet demands for increased access, quality and affordable healthcare for patients.

The Boston Consulting Group acquires digital design and innovation lab MAYA

The Boston Consulting Group acquired MAYA, a Pittsburgh-based digital design and innovation lab. The deal broadens the acquirer’s capabilities in digital consulting to better assist clients on their digital transformation projects. As part of the deal, MAYA’s three founders will become BCG senior advisors.

The buyer’s digital capabilities have grown substantially in recent years with the development of business units like:

  • BCG Digital Ventures, its digital innovation, incubation, and investment unit;
  • BCG Platinion, its IT architecture and solutions business; and
  • BCG Gamma, its advanced analytics and data science services arm.

Altran acquires UK cyber security consultant Information Risk Management (IRM)

The acquisition strengthens Altran’s cyber security capabilities in the UK, where the buyer has faced increasing demand from both existing and prospective clients. IRM offers a variety of cyber security consulting services ranging from strategic information consultancy to software and professional education. The business has also developed an enterprise solution called SYNERGI, which assists large corporations in managing their cyber risk and compliance obligations.

The seller holds a number of best-in-class accreditations and certifications, and serves an attractive and long-term customer base, including Travelex, BNP Paribas and Telefónica, as well as the UK Ministry of Defence, Department for Transport, Cabinet Office and GCHQ.

Point B acquires digital experience studio TNG

Point B acquired TNG, a digital experience design studio with an established history of working with clients to improve innovation and agility in content, communications and culture. Point B offers management consulting, venture investment and advisory, and property development. The buyer was also named as a Best Workplace in the United States by Fortune magazine. The acquisition will complement Point B’s expertise in strategic consulting, while bringing creative and technology capabilities to better service clients’ digital transformation initiatives.

Selected Consulting M&A announced in July:

Note 1: Based on 2016 LFY Revenue

Important Notice: This article has been compiled using our daily activities in the industry that provide us with unique market intelligence, along with various third party information sources. In many cases, valuation metrics and other deal data has not been confirmed.

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